Whittier Trust Co. Reduces Position in Cheniere Energy, Inc. $LNG

Whittier Trust Co. trimmed its position in Cheniere Energy, Inc. (NYSE:LNG) by 37.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,613 shares of the energy company’s stock after selling 2,748 shares during the quarter. Whittier Trust Co.’s holdings in Cheniere Energy were worth $1,310,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of LNG. Strive Financial Group LLC purchased a new position in Cheniere Energy in the fourth quarter valued at $25,000. Kohmann Bosshard Financial Services LLC purchased a new stake in Cheniere Energy during the 4th quarter worth about $26,000. Financial Life Planners acquired a new position in shares of Cheniere Energy during the 1st quarter worth about $26,000. Caitong International Asset Management Co. Ltd purchased a new position in shares of Cheniere Energy in the 3rd quarter valued at about $27,000. Finally, Accordant Advisory Group Inc purchased a new position in shares of Cheniere Energy in the 4th quarter valued at about $29,000. 87.26% of the stock is owned by hedge funds and other institutional investors.

Cheniere Energy Price Performance

LNG stock opened at $254.90 on Wednesday. The company has a market capitalization of $53.41 billion, a P/E ratio of 41.92 and a beta of -0.01. Cheniere Energy, Inc. has a twelve month low of $186.20 and a twelve month high of $300.89. The business has a 50 day simple moving average of $241.98 and a 200-day simple moving average of $235.88. The company has a current ratio of 0.57, a quick ratio of 0.48 and a debt-to-equity ratio of 2.55.

Cheniere Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 19th. Investors of record on Monday, May 11th were paid a dividend of $0.555 per share. The ex-dividend date was Monday, May 11th. This represents a $2.22 dividend on an annualized basis and a yield of 0.9%. Cheniere Energy’s dividend payout ratio is currently 36.51%.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. The Goldman Sachs Group boosted their target price on Cheniere Energy from $276.00 to $312.00 and gave the stock a “buy” rating in a research note on Tuesday, March 24th. Wall Street Zen cut shares of Cheniere Energy from a “hold” rating to a “sell” rating in a report on Saturday, June 27th. Sanford C. Bernstein started coverage on shares of Cheniere Energy in a research report on Tuesday, June 16th. They set a “market perform” rating and a $283.00 price objective for the company. Wells Fargo & Company lowered their target price on shares of Cheniere Energy from $280.00 to $271.00 and set an “overweight” rating for the company in a report on Friday, March 13th. Finally, Weiss Ratings downgraded shares of Cheniere Energy from a “buy (b)” rating to a “hold (c)” rating in a research report on Monday, May 11th. Two research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $297.71.

Cheniere Energy Company Profile

Cheniere Energy, Inc is a U.S.-based energy company that develops, owns and operates liquefied natural gas (LNG) infrastructure and markets LNG to global customers. The company’s core activities include natural gas liquefaction, long?term and short?term LNG sales and marketing, and the associated midstream services required to move gas from production basins to international markets. Cheniere focuses on converting domestic natural gas into LNG for export, providing a bridge between North American supply and overseas demand.

Cheniere’s principal operating assets are large-scale LNG export terminals located on the U.S.